'Tariff-free' stocks see market cap gains, Chinese firms suffer

AI and software companies outperform, while energy giants take hit

20250505N tariff free stocks

The market cap of AI systems developer Palantir Technologies grew 43% in a month, with Nintendo's market cap increasing 19%. (Source photos by Reuters and Nikkei)

NOZOMI OKUBO

TOKYO -- Investors worldwide are becoming more selective because of U.S. President Donald Trump's tariff policies, with those stocks considered to be "tariff-free" gaining big.

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